Question

3. The following data have been selected from the annual report of Komark Corporation: Market price...

3. The following data have been selected from the annual report of Komark Corporation:

Market price per share                                                                     $60

Price-Earnings ratio                                                                  20 times

Total Assets                                                                            $450,000

Current Liabilities                                                                    $180,000

Shareholders’ Equity                                                              $200,000

Current ratio                                                                                    1.5:1

Weighted average number of shares                                       100,000

Instructions

Calculate the following:

(a)   Basic earnings per share

(b)   Net income

(c)   Debt to Total Assets ratio

(d)   Current assets

(e)   Working capital

Business   Accounting   
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